According to the Bank’s website, this investment is an allocation of funds under the Enel Energy & Renewable framework loan, consisting of electricity distribution investments in Brazil. These aim to extend and modernise the network, add new renewable energy capacity to the network, reduce losses and improve quality and safety of supply.
The project consists of the financing of the modernisation and extension of the Promoter's electricity distribution networks in the São Paulo region and of the installation of new remote control systems and protections of the grid, with the aim of increasing the its reliability, resilience and reducing the level of losses, leading to better quality and safety of energy supply. A portion of the investment will also enable the connection to additional renewable generation units.
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